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Strategies & Market Trends : Sharck Soup

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To: gladman who wrote (21101)	5/8/2001 12:32:46 AM
From: American Spirit	of 37746

I'm only trying to balance the view, Copernicus. "Techs are toast" just isn't factual. Certainly many techs will go up from here. Others will also go down. Most will do both short-term and long-term. Obviously I'm not wholly bullish. Feeling balanced right now. We've had a fairly good run. I just discount the bearish rhetoric as I don't believe we're at the short-term top, at least in many stocks, and all the ones I'm interested in (tech value, oils, Baby Bells). Every stock I own is still substantially undervalued. So there are shorting opportunities but there are also opportunities to make substantial gains. And this week is not the week to be short. Opportunities very limited. Wait 7-8 days. No reason to be overly exhuberant to the downside. At last not yet. Don't Fight The Fed should be every short's mantra. Stay out of its way and scalp inbetween its movements.

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